With consumers in the United States really starting to feel the pinch of tariffs, luxury goods retailers like Cettire could see the pain on their balance sheets sooner rather than later.

MARKET WRAP:

• ASX200: up 0.31%, 8,565
• GOLD: $3,360 US/oz
• BITCOIN: $166,138 AUD

 

• Monash IVF CEO Michael Knaap announced his resignation. Shares up 9.1%
• Cochlear downgraded its guidance, but the market sent the company 0.7% higher to $272.31.
• Telstra, Transurban, and Coles were all higher.
• Cettire fell more than 30% after its CEO warned the market of weaker demand from US customers.
• AGL suffered a swing against it of 0.9% after confirming it could sell its stake in Tilt Renewables.
• Myer lost 0.7% 
• Sliding more than 1% was BHP, Macquarie, and Goodman.

CURRENCY UPDATE:

• AUD/USD: 64.9 US cents
• AUD/GBP: 47.9 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 93 Japanese yen
• AUD/NZD: 1.07 NZ dollars

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